Preparing your home for sale.
Your home is your greatest asset In life and real estate it is often said that your principal place of residence is possibly your biggest asset. With this in mind it is important to maintain the property throughout its lifetime to protect and grow your asset, so at the time of eventual sale you receive the best possible cash profit from your investment. Your home could deliver you a tax-free windfall. Selling your home is a valuable opportunity for wealth and profit. Unlike other financial investments your principal place of residence is free from capital gains tax and stamp duty. Therefore, a chance of a tax-free gain is rare and should be seized with both hands. Selling is a one-off opportunity for cash Selling your home presents a unique opportunity to make a chunk of money without you having to sweat for it. Typically every dollar your home sells for over the perceived market value is worth two dollars of your hardearned labour. For example if you secure a price $10,000 over reserve – that saves you having to earn $20,000 pre-tax to have that $10,000 in your hand. If $50,000 is achieved over reserve, you would have to earn $100,000 pre-tax to have that $50,000 in your hand. Secure the dollars you deserve for the property you own. You get only one chance to sell for profit and then the value passes on to the next owner – so make the most of it! You will profit from the wealth of information in this document. In our experience, we have learned that the best price comes from the best preparation. As your real estate partner it is our intention to help you maximise your price and to make the sale of your property an enjoyable and rewarding experience.
• Be careful not to create distracting clutter thoughout. • The use of a brightly coloured pillow on a chair or a throw rug on a sofa can add dimension to an otherwise neutral room. • Use accent pieces for colour. • Soften potentially offending views, but always let light into your rooms. • Consider replacing heavy curtains with something lighter. • Use ‘warm-white’ bulbs for a bright appearance Neutralising • The objective is to make your home appeal to the largest possible segment of the market. • Select a neutral colour scheme that will make it easy for the buyers to mentally picture your home as their own. Atmosphere • Carpet deodorisers and air fresheners are helpful, however the best strategy is to remove the source of the odour rather than cover it up. • Often the only way to remove the smell of pet soiling from carpet is to rip it up and replace it, including the underlay. • If smoking and cooking odours have permeated your home, have your carpets and furniture cleaned, and air or dry-clean your curtains. • Mildew odours can also be offensive. Don’t allow wet towels or dirty clothes to accumulate. • Air conditioning filters can be another source of unpleasant odour. • Clean vent covers and change the filters monthly. • Once offensive odours have been eliminated, consider adding pleasant scents. Studies have shown that humans have strong, positive responses to certain aromas, such as cinnamon, flowers or freshly baked bread. Styling. Simple additions, such as a vase of flowers, an open book on the coffee table, or a basket of logs by the fireplace, can make a roommore attractive and appealing.
• If you have a front veranda or deck, set the stage with attractively arranged outdoor furniture. • Check to see that all doors and windows are in good working order. Clean and paint doors if necessary. • Inspect all locks to ensure they are functioning properly. • Check for loose or missing tiles and clear out gutters and downpipes. Touch up peeling paint on gutters. • Check for mildew or stains on exterior walls. Power clean if necessary. • Remove dust and cobwebs. The driveway • The surface of your driveway should be beyond reproach. After all, it’s one of the first things a buyer sees. • High pressure wash the driveway to remove debris, dirt and stains. Remove any oil stains if possible. Garage • Sweep and wash the floor to remove dirt and stains. Organise tools, gardening equipment and bicycles, etc., as a clean, organised garage always appears more spacious. • If the area is dark, add more light. • If your garage is small and accommodates only one car, remove it before buyers visit. An empty garage always looks larger. If you have a two-car garage with very little extra room, remove one of the cars prior to an inspection. • If your garage is appropriate to use as a recreational area, consider setting up your table tennis table and hanging some bright posters. Doing so will instantly transform the space into a teenager’s retreat. • Clear and organise the workbench in your garage and draw attention to it with good lighting as a sales feature. Garden • Neatly mow, rake and edge grass. • Prune and shape shrubbery. • Consider adding seasonal flowers. • Add bark mulch around your shrubs. • Coat of stain or paint on faded wooden decks. • Check your fence for any loose or broken posts and replace any rotted wood. • Devote one area of your garden to outdoor living. Buyers will respond favourably to a designated outdoor entertaining area. • Consider dressing your outdoor setting. The pool Make sure you give special attention to the pool – it has to be sparkling before it is photographed and when the house goes on the market. Make sure all utensils associated with the pool – the empty chlorine bottles, the chemical containers, the pool cleaners, the brooms, the kids’ boogie are packed away from eyesight. Exterior. First impressions count. Don’t let your property’s exterior turn a buyer off before the interior has a chance to turn them on.
Stairways • Make sure the stairs are safe! • Stair lighting should be more than adequate, and the stairs must be free of clutter. • Ensure stair railings are tight and secure and that the runner or carpeting is tacked securely. • Consider emphasising your stairway as a feature by hanging a few pictures along the wall. • Draw attention to a feature light fitting by cleaning it to make it sparkle. Living areas • Think of these areas as furniture showrooms. • Add touches that make a room look truly inviting. • Sweep and clean the fireplace if you have one. Place a few logs on the grate to create an attractive appearance. • Dress up a mantelpiece, but don’t make it look too cluttered. • Improve the traffic flow by removing excess furniture. • Remove oversized television sets if they dominate the room. • Draw attention to exposed beams or a cathedral ceiling with special lighting. • In summer, place a bowl of lemons or limes on a table to provide a pleasant aroma. • Clean and organise all storage space. If your cabinets, drawers and cupboards are crowded and overflowing, buyers will assume your storage space is inadequate. • Large kitchen windows should be highlighted as a feature of your home. Do the curtains need washing or the blinds need cleaning? • Identify any dark corners and invest in a decorative floor lamp to create an inviting space. Interior. The front entry No matter how big or small, the front entry of your home deserves particular attention. Study your entry hall and ask yourself what kind of first impression it creates. • Dried flowers or a small plant can make a striking focal point on a hall table. • Virtually any entry hall will benefit from a well-placed mirror to give the illusion of space. • Your entry hall flooring will be observed carefully make sure the surface is spotless. • An entry cupboard (if you have one) will be the first one inspected, therefore make it appear roomy. Dining room Like the living areas, your dining room should be an inviting part of your home and a room in which prospective buyers can imagine sharing a meal with family and friends. • Visually enlarge a small dining room. If your dining table extends, consider leaving it unextended. You could even consider placing your dining table against a wall if you cannot move around it with ease. • Remove any extra chairs. Consider putting oversized pieces in storage until your property sells. • Set the table for an informal meal and add an attractive centrepiece arrangement, such as fresh flowers or a bowl of fruit.
The kitchen A visually appealing and functional kitchen is high on almost every buyer’s priority list and demands extra careful attention. • Clear benchtops of small appliances to maximise the appearance of workspace. • Check the benchtop around your sink and remove any dishes, detergent, brushes • Sinks, cabinets and benchtops should be clean and fresh. • Appliances should be thoroughly cleaned, inside and out. • Clear items from the top of the refrigerator. • Set the scene with an open cookbook, a basket filled with fruit, a vase of fresh flowers, or a ceramic mixing bowl and wire whisk. • Create the aromas commonly associated with happy homes. Bake some cookies, a loaf of bread, or pop a frozen apple pie in the oven. • If you have a breakfast bar, set two attractive place settings and place cushions on the stools. Bathrooms • Take special care when preparing your bathrooms for scrutiny. Prospective buyers will inspect your bathrooms carefully, so be sure they are immaculate. • Cleanliness is the key! Ensure all surfaces are spotless. • Replace worn or dirty shower curtains and clean and repair tiles, grout and shower screens. • Clear vanity tops and put away all personal items and products. • Repair any taps that leak or do not function properly. Remove mineral deposits with vinegar or a commercial product. • Clean and organise all cabinets and drawers. • If your bathroom is mostly white or neutral, add a touch of colour with towels. Don’t hesitate to buy a few new towels and a rug to create added appeal. • Carefully clean the floor. If it is old or very worn, cover the largest area you can with a clean, attractive rug. • Consider putting out some perfumed guest soaps. • A gentle hint of fragrance in the air is fine, but keep it subtle. Laundry A separate laundry is one of the most frequent requests that buyers make when searching for a property. • Add a fresh coat of paint in a neutral tone. • Organise all cupboards, shelves and storage areas. • Remove all dirty laundry. Keep up-to-date with your washing or store all dirty laundry in a closed hamper. • Ensure the ceiling is clean and free of mildew or mould
Imagine for a moment that you are in the Bed & Breakfast business. How would you decorate the bedrooms to appeal to a paying visitor? Naturally, you would make the beds with your best sheets and quilt. Maybe you would add a vase of flowers or place an attractive armchair in a corner. Every bedroom in your home should be inviting to prospective buyers. Bedroom. • Spacious master bedrooms are particularly popular among today’s home-buyers. To make your bedroom appear larger, paint the room in a lighter shade, remove excess furniture if the room is crowded and minimise clutter. • An ensuite off the master bedroom is considered a real bonus. Decorate the ensuite to coordinate with the colour scheme of your bedroom. • Virtually all buyers are looking for a home with plenty of storage space. Make storage areas appear generous and well planned. Remove and store all out-of-season clothing. Remove any items from the floor area - this will make a wardrobe seemmore spacious. • Ensure wardrobe interiors smell fresh and clean. Hang an air freshener in the wardrobe for a pleasant fragrance. • Ensure all wardrobe lights are in working order. Add battery lights to wardrobes that lack built-in lighting, as illuminated wardrobes appear bigger and more attractive. • Encourage your children to actively participate in preparing your home for inspection, explaining why this is so important. Ask them to cooperate by making their beds and picking up their things prior to inspections. Consider offering a special reward if they willingly participate in your property-selling goals. • Have children pack away any items that are not currently in use. • Remove any crowded, unusual or personal wall hangings such as posters and store them until your home is sold.
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